Country in ‘white’ list of tax standard-compliant states THE PHILIPPINES has been raised to the “white list” of countries complying with an Organization for Economic Cooperation and Development (OECD) tax information sharing standard.
The Department of Finance (DOF) is amenable to reviewing the current law on the so-called sin taxes, which could help raise additional revenues for the cash-strapped government. Finance Secretary Cesar Purisima said he will support a review of the present structure of sin taxes, which are basically levies imposed on alcohol and tobacco products.
Championing tax laws can have serious repercussions for a politician. Take Sen. Ralph Recto, for instance. In the Thirteenth Congress (2004 to 2007), Recto as chairman of the Senate Committee on Ways and Means, sponsored numerous revenue measures, the most controversial of which was the Reformed Value-Added Tax (RVAT) law that increased the VAT from…
As the value-added tax (VAT) on road toll has been put on hold by the Supreme Court—and since the court could make this temporary restraining order against “a tax [the VAT] on a tax [the toll]” permanent—the Department of Finance (DOF) is looking for other means of raising additional revenues through the government’s other line…
Persons inheriting homes from deceased parents or relatives usually are overburdened by the estate tax which they could ill afford. Because of inability to pay the estate tax, some heirs are focused to sell their inherited property.
MANILA, Philippines – The Department of Finance and the Bureau of Internal Revenue (BIR) are drawing up a list of all licensed professionals to find out who among them are paying the right taxes.
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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